Beruflich Dokumente
Kultur Dokumente
3 RESOLUTION 2019-___
4 A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF HAVRE DE
5 GRACE, MARYLAND, PURSUANT TO SECTION 34, 38 AND 39 OF
6 THE CITY CHARTER AND THE LOCAL GOVERNMENT ARTICLE OF
7 THE ANNOTATED CODE OF MARYLAND APPROVING THE
8 LANGUAGE OF A BALLOT QUESTION CONCERNING THE PROPOSED
9 FUNDING FOR THE WATER & SEWER FUND CAPITAL
10 INFRASTRUCTURE IMPROVEMENT REQUIREMENTS TO BE PLACED
11 ON THE SPECIAL ELECTION BALLOT ON FEBRUARY 4, 2020.
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15 WHEREAS, the Mayor and City Council have considered a financial plan to
16 fund capital improvements for the City’s water and sewer infrastructure; and
17 WHEREAS, the Mayor and City Council commissioned Black & Veatch, a
18 leading US based global engineering consulting and construction firm to
19 perform a comprehensive study of the City’s water and sewer infrastructure,
20 including a forecast of the renewal and replacement requirements for the water
21 and sewer infrastructure, and aligning the existing Capital Improvement Plan
22 with a financial plan; and
23 WHEREAS, the Water and Sewer Commission analyzed the Black and
24 Veatch Study, performed public out-reach sessions, developed financial models
25 and alternative financial options that were more conducive to the water users,
26 than the Black and Veatch Study; and
30 WHEREAS, the Mayor and City Council held three “Open Public Work
31 Sessions” and one “Open Public Input Session” and has determined that it is in
32 the best interest of the City, that debt financing is required to address the costly
33 and sorely needed infrastructure repairs:
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60 ATTEST: MAYOR AND CITY COUNCIL OF
61 HAVRE DE GRACE, MARYLAND
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63 __________________________ ______________________________
64 Patrick D. Sypolt William T. Martin, Mayor
65 Director of Administration
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67 Introduced: December 16, 2019
68 Adopted: December 16, 2019
69 Effective: December 16, 2019
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74 BALLOT QUESTION
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76 The City of Havre de Grace, upon the recommendation of the Water and Sewer
77 Commission, has proposed a plan for the financing of improvements to the City of Havre
78 de Grace’s water and wastewater systems. This plan includes the improvement and
79 replacement of distribution and collection systems that are obsolescent and/or
80 failing. Under this plan, the City may issue bonds upon the full faith, credit and unlimited
81 taxing power of the City of Havre de Grace with a face value not to exceed
82 $15,000,000.00 over the next five years. The City may pay back the bonds plus interest at
83 a rate not to exceed 4.0% over the term of up to 25 years from issuance of the bond
84 proceeds. Do you give the City permission to solicit proposals and ascertain options to
85 issue bonds, whether by public or private sale, and to issue bonds (and obtain any
86 necessary interim financing) on the terms and conditions stated above?
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88 YES_______ NO_______
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